News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • $EURUSD finally took out that Fibo resistance 2167, now fresh two month highs. Another fibo nearby, very close to the feb swing high ~2335 concern for continuation is overbought read on h4. but - pullback to support at prior res can keep bulls looking up https://t.co/dh9owX9gAB https://t.co/urrCt77AB8
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.21% US 500: 0.05% Wall Street: 0.04% Germany 30: -0.05% France 40: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/win11T070W
  • $GBPUSD with quite the run after last week's 1.4000 test now closing in on three-year-highs https://t.co/KNn3Fu7Dd0 https://t.co/i0QwvlXMB5
  • 🇺🇸 Housing Starts MoM (APR) Actual: -9.5% Previous: 19.8% https://www.dailyfx.com/economic-calendar#2021-05-18
  • 🇺🇸 Building Permits MoM (APR) Actual: 0.3% Previous: 1.7% https://www.dailyfx.com/economic-calendar#2021-05-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.73%, while traders in Germany 30 are at opposite extremes with 70.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SwH1S3xkva
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/G81KIYTKId
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.80% 🇨🇭CHF: 0.70% 🇪🇺EUR: 0.57% 🇬🇧GBP: 0.54% 🇨🇦CAD: 0.36% 🇯🇵JPY: 0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/xPQIBT6LVV
  • Heads Up:🇺🇸 Housing Starts MoM (APR) due at 12:30 GMT (15min) Previous: 19.4% https://www.dailyfx.com/economic-calendar#2021-05-18
  • Heads Up:🇺🇸 Building Permits MoM (APR) due at 12:30 GMT (15min) Previous: 2.7% https://www.dailyfx.com/economic-calendar#2021-05-18
GBP/USD: Net-Long Positions increase by 10.1% from Last Week

GBP/USD: Net-Long Positions increase by 10.1% from Last Week

Tammy Da Costa, Markets Writer
GBP/USD IG Client Sentiment

Retail trader data shows 72.4% of traders are net-long

GBP/USD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.29202; price has moved 2.2% lower since then. The number of traders net-long is 6.1% higher than yesterday and 10.1% higher from last week, while the number of traders net-short is 1.8% higher than yesterday and 3.7% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Wednesday 00:00 GMT

Thursday 21:00 GMT

Tuesday 15:00 GMT

(click on one of the above times to enroll)

GBP/USD: Increase in net-longs suggests bearish trading bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD bearish contrarian trading bias.

-Written by Tammy Da Costa, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES